The way the chart on US prices is presented the price of a TV set has been adjusted using hedon adjustments by more than 100% For that to work in the real world the manufacturers would have to be paying the consumers to take the sets. Makes a mockery of the Consumer Price Index (CPI) especially if you apply it to food products or other needs.Eg The price of beef goes up by x% but the CPI goes up by nil because of "improved" taste or quality. And dont get me started on product substitutions in the CPI... Hedon adjustments in the CPI are Clear Political Interference(CPI)

Commenter

kim

Location

Perth

Date and time

May 05, 2014, 2:40PM

Technology has taken jobs. Tax on technology would provide money for social services. Increase the GST on technology to 20%.Specific targeting of the problem. Love it!

Commenter

Its All About Making Money

Location

Lennox Head

Date and time

May 05, 2014, 2:31PM

FMG sinking fast. Shorters cheering.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 2:16PM

I wonder what Gail Kelly thinks of the quite intractable imprudence of Rhodesia, now known as Zimbabwe, where she taught Latin for many years. quod erat demonstrandum.

Commenter

paul1234

Date and time

May 05, 2014, 2:13PM

Anybody short MQG and long SBM? OUCH!!!

Commenter

Just

Location

Wondering

Date and time

May 05, 2014, 1:57PM

Note to Gyngell. When we said bring back the biff. We meant at the football mate, not on the streets of Bondi. Might be time to give up the ajax mate

Commenter

Steve

Location

Sydney

Date and time

May 05, 2014, 1:56PM

Should've stuck with Westpac instead of ANZ, I like Gail more thank Mike. Oh look at me addressing them by first name. lol,

Commenter

Damn, why did I sell WBC and then waited and waited for the price to go lower, ye righ bananas

Date and time

May 05, 2014, 1:51PM

There must be more than a few burnt fingers in TWE today. It goes to show that not all inside information can be relied on.

Commenter

mitch of ACT

Date and time

May 05, 2014, 1:33PM

Time to open the supermarket scene to outsiders I think. Unbelievable that a company like Coles can think of selling improvements to its business as a charge to it's suppliers. Criminal, I doubt very much Woolworths doesn't do the same.

Commenter

bring competition to the plate

Date and time

May 05, 2014, 1:32PM

Just as well it's the ACCC looking into dodgy practices in supermarkets and not ASIC.

Commenter

mitch of ACT

Date and time

May 05, 2014, 1:28PM

Herman, Allan and co. Remove yourselves or give yourselves an uppercut. Thanks for turning this into a thread of angry little boy antics!

Commenter

Mack

Location

Melton

Date and time

May 05, 2014, 1:19PM

BOQ sinking again. Way overpriced.

Commenter

Allan

Date and time

May 05, 2014, 1:02PM

Investors dump Wespac! Who writes this crap? All the banks are down today

Commenter

Heinrich

Location

Bunbury

Date and time

May 05, 2014, 12:48PM

So I wonder what Joe Hockey's alternative is to generate more power if not from "utterly offensive" wind farms. Probably more coal because the world doesn't have enough carbon pollution or it could even be more use of gas now that the price is going up 20%. or perhaps we should just settle for blackouts on the hottest days. Any savings from the abolition of the carbon price will be eaten up by higher generating costs. http://www.smh.com.au/photogallery/federal-politics/cartoons/david-pope-20120214-1t3j0.html

Commenter

mitch of ACT

Date and time

May 05, 2014, 12:37PM

Just taking Joe for a virtual tour of the Hunter Valley so he can rest his eyes on some lovely open cuts.

Commenter

Red Rooster

Location

Between Singleton and Muswellbrook

Date and time

May 05, 2014, 2:48PM

This may be irrelevant to the thread. I just found out I will be receiving $120k bonus for signing away two more years of my life to the company im with. I can deal with it. Investments come in all shapes and sizes!!! Now! What to do with it? How much tax would I have to pay? Im on $120k a year.

Commenter

Craig

Location

Ryde

Date and time

May 05, 2014, 12:33PM

I assume you'll get the bonus once you've done the 2 years. So based on the current tax structure, and assuming they give you the $120K in a lump sum, you'll pay $51K more tax on top of your current tax meaning you effectively take home $69K of your $120K bonus. Of course it may be less if the expected medicare levy changes or other changes happen before now and then. As for what to do with that money, ask us in 2 years time. We can barely predict what's going to happen in 2 days let alone 2 years.

Commenter

Gareth

Location

Sydney

Date and time

May 05, 2014, 1:49PM

Whatever NewsCorp bid for the photos the chances are Packer would have topped it.

Commenter

mitch of ACT

Date and time

May 05, 2014, 12:29PM

Reportedly $200k. Chickenfeed to him. I would have held out for a cool million

Commenter

Red Rooster

Location

Bondi Beach waiting for Jimmy

Date and time

May 05, 2014, 2:52PM

@1:48pm ‘‘The economy is suffering from relatively weak growth momentum,’’ Societe Generale economist Yao Wei said after the release of the HSBC/Markit manufacturing PMI. ‘‘It’s a structural problem. The economy will remain weak and the deceleration is not over yet.’’

Looks like the worlds "soon to be number 1" economy is running out of puff

One of the few stocks to specifically benefit from the end of entitlement government tough-stance.

Should have much further to go. Offset your future cuts with some NIB shares ;)

Commenter

GS

Date and time

May 05, 2014, 10:51AM

The privatised Medibank Private will be cheaper.

Commenter

mitch of ACT

Date and time

May 05, 2014, 11:33AM

and Medibank Private will see NIB as a takeover target when it floats on the ASX.

But for now, NIB is the only health insurer that will take advantage of these budget changes :)

Commenter

GS

Date and time

May 05, 2014, 11:54AM

My thoughts exactly GS, pushing high income people out of medicare is the first step in running down the universal health insurance system into a second rate government charity, which will benefit of the health fund interests so from a mercenary point of view that's worth a good look as is anything else that will benefit from the slow running down of public services ie private hospitals.

Commenter

Jim

Date and time

May 05, 2014, 2:06PM

life WAS meant to be easy for those who shorted CBA this morning !

Commenter

love banks

Location

sydney

Date and time

May 05, 2014, 10:48AM

@Irish, life expectancies may very well go up but will productive life expectancies, ie how physically capable will people be to do productive work as they live longer and longer. All higher life expectancies may do is guarantee that we spend longer in retirement and need more in pensions and retirement funds.

Commenter

mitch of ACT

Date and time

May 05, 2014, 10:46AM

Im really surprised more isnt being said about the softening housing market in China. When people rush to remove cash from speculative assets to pay other debts, then its going to get interesting to watch. Its already happening in HK.

Commenter

Nic

Date and time

May 05, 2014, 10:43AM

Printed out 100 chart days of the ASX and it seems there are only three scenarios. 1. Todays Chart. 2. Chart that goes down slower 3. Chart that goes down faster.

Commenter

Macca

Location

Sydney

Date and time

May 05, 2014, 10:40AM

Remember I'm tipping 5076 on 30th June 2014. That's based on charts of the AllOrds for the previous 3 years where the AllOrds fell in each of the last 3 years by a consistent 8% from its highest point over April to June to 30th June. The impact of the Budget could easily push it below 5000 because cuts in gov't expenditure will reduce GDP & share profits & hence prices.

What will the ASX do the day after the Budget? Winners? Losers? Anyone?

Commenter

Gumly

Location

Mackay

Date and time

May 05, 2014, 10:19AM

I can't see any sector being a winner if cuts in gov't expenditure & a host of co-payments and levies reduce consumer disposable income, and that's the intent. But eventually lower interest rates are guaranteed as the RBA is forced to desperately cuts interest rates to stimulate consumer spending and ward off recession.

Commenter

mitch of ACT

Date and time

May 05, 2014, 10:40AM

Singles earning over 88k and couples earning 176k per year without private health insurance might be asked to pay triple the medicare levy. Hence NIB(NHF) has taken off and will continue to rise into the May Budget and beyond :)

Commenter

GS

Date and time

May 05, 2014, 11:05AM

Pay day lender Cash Converters should do alright!

Commenter

happy Hippy

Date and time

May 05, 2014, 11:36AM

I will bet on WBC, BHP, TLS

Commenter

Happy

Date and time

May 05, 2014, 12:01PM

Let's see if NIB attended one of those special meetings with Hockey. Unbefkleavable.

Commenter

JohnBB

Date and time

May 05, 2014, 12:18PM

I wrote to ASIC about those ":phantom" takeovers in a couple of stocks I held where little detail was supplied, suggesting that the companies concerned should be required to at least supply the confidential information to ASIC to guard against phantom offers. No action, no surprise.

Commenter

mitch ACT

Date and time

May 05, 2014, 10:03AM

Mack you're new here. See the previous closes on SBM trades. Oh and it's a spec it swings wildly. Poor thing.

Commenter

Allan

Date and time

May 05, 2014, 10:02AM

Negative gearing not even on the budget cut radar....Overseas investors increasing,,,

Housing Construction Boom!

Commenter

Chumlee

Date and time

May 05, 2014, 9:57AM

There is a difference between a home and unit!

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 10:59AM

Littlelandlords losing more money than ever before.

Commenter

Herman

Date and time

May 05, 2014, 11:01AM

true - because any taperrin of NG will create panic selling. But they are doing it more smartly - via reducing benefits and entitlements of the people that hold most number of investment properties - between the incomes brackets of 0 - 80K .

BTW - if anyone hasnt noticed yet - prices are on the way down in Canberra, and stalled in Sydney, (and possible falt to down in Melbourne)

Commenter

KB

Location

2000

Date and time

May 05, 2014, 11:28AM

After a 1400% average increase on six properties over 30 years as well as average 5% gross rent ...... I'm more than comfortable with a market correction. Normal cycle !

Commenter

Happy

Date and time

May 05, 2014, 11:54AM

Only six? You're not trying.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 1:40PM

What is with REA's price? That is one very very bloated share.

Commenter

JohnBB

Date and time

May 05, 2014, 9:54AM

ASZ may well be turning the corner,,,very positive statements following their strategic restructure,,,earnings should be much better from here on.

Commenter

Chumlee

Date and time

May 05, 2014, 9:51AM

Work until your 70 by the year 2035. At which time average life expectancies are likely to be 120 years+. I don't think they have gone far enough. I am not a Liberal voter for disclosure, but able to take a balance view.

Commenter

Irish Phil

Date and time

May 05, 2014, 9:48AM

"The ACCC alleges that Coles used undue pressure and unfair tactics in negotiating with suppliers, provided misleading information and took advantage of its superior bargaining position, so that its overall conduct was in all the circumstances unconscionable."

WOW next.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 9:44AM

short the banks my fellow nfi's

Commenter

no banks .. no party!

Date and time

May 05, 2014, 9:43AM

It looks very much like those whose trading strategy is to sell the big banks just prior to them going ex-div have left it too late. Now if you hold & take the dividend remember that you won't get the franking credits for at least 12 months as an individual or 20+ months if an SMSF.

Commenter

mitch of ACT

Date and time

May 05, 2014, 9:42AM

So many people done just that. Zero sum trading!

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 11:01AM

Quote:Australians are among the biggest illegal downloaders per capita.

Of course we need to download illegally, we have the dumbest politicians in the world, who think that adding a tax is going to save the environment, we live on a whole continent to ourselves with just a small number of people, for some countries our population would make us nothing more than a small village, but anyway I digress, of course we have to download illegally we can't afford to pay after we've paid for all the follies of the idiots politicians. Plus we pay for the internet anyway,

Commenter

we can't afford to keep making these people rich, so .....whatever!

Date and time

May 05, 2014, 9:41AM

So watching Sky all last week and again from Monday onwards about 50 times that week we heard Non Farm Payroll numbers out on Friday so we wait . they came out fantastic numbers our market opens today and before you can blink we've lost 75% of the high. You could laugh but it just keeps happening. As we speak now lost the lot and asx in the red. What a joke.

Commenter

Dan

Location

Sydney

Date and time

May 05, 2014, 9:36AM

I hope you are joking about fantastic numbers? Didn't take a look at the number of people who no longer are looking for work? The US is in shambles and all media outlets focused on the number of additional people employed, not the MASSIVE number of people who left the market entirely. Have another read...

Commenter

NSC

Location

Melb

Date and time

May 05, 2014, 11:10AM

Wow that market chart looks similar to the standard of blog posts today,callibres dropped back to bickering over trades,honestly might have to go elsewhere in the playground for awhile.

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

May 05, 2014, 9:26AM

ASX Unbelievable. Westpac 12 X record profits 4 Bill profit IN 6 months paying 1.90 Yearly Div so even if share price is $38.00 would be 5% fully franked grossed up 7.1%. On the other hand we have a company called XRO which speaks for itself Zero Divs Zero Profit and of course up today. What a serious rort the ASX is.

Commenter

Bobby

Location

Sydney

Date and time

May 05, 2014, 9:23AM

C'mon Bobby, did you short CBA this morning ? open 79.48 low 78.34. you need to be alert and quick.

Oh dear FMG in the red again. Bonanza iron ore shipments but share prices going down. What does that tell you geniuses?

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 9:16AM

Once again the ASX goes up for 10 mins then dribbles down all day.

Commenter

Kenny C

Location

Sydney

Date and time

May 05, 2014, 9:15AM

Where's the QAN short post gee up? He he...

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 9:11AM

Budget emergency, age of entitlement is over,time to work for a living,responsible government....Housing Construction Boom!

Commenter

Chumlee

Date and time

May 05, 2014, 9:11AM

More construction now, when the person to dwelling ratio is so low, will just mean a bigger bust.

" if the occupancy rate rose to 2.9 persons per household then more than 50,000 dwellings would no longer be required. Sydney’s current population growth rate demands roughly 20,000 new dwellings per year, so one impact of a theoretical increase of just 0.1 in Sydney’s occupancy rate would be that no additional dwellings would need to be constructed for two and a half years."

We have seemingly infinite capital to drive up property prices, but to invest in a productive industry like agriculture, which we're constantly shouted at will benefit from the burgeoning Asian middle classes, our farmers have to sell off the farm, and therefore future profits, to overseas interests for capital. This is a perfect example of how our property ponzi is distorting investment decisions in Australia away from productive to speculative ends and another example of why Australia's productivity and competitiveness has been in decline since the 1990s.

Smash those Pensioners...Just do not touch Diesel handouts to Billionares.

Commenter

DJ77

Location

Sydney

Date and time

May 05, 2014, 8:58AM

If there's a government hiring freeze in place there should also be an immigrant freeze in place. It is hypocritical of the government to say we are not confident enough in the outlook to be hiring, yet we are confident enough to keep letting in immigrant workers.

Commenter

Ryan

Date and time

May 05, 2014, 8:51AM

AZV termination of take-over proposal...that never was?? nice way to bump your share price and with no real evidence...no names disclosed,no details disclosed? maybe some of the numerous dog stocks can take a leafie SBM,ICN,DRM and the list goes onASIC!!

Commenter

BearshapedBull

Location

Mugpunters Lounge

Date and time

May 05, 2014, 8:51AM

I wrote to ASIC about those ":phantom" takeovers in a couple of stocks I held where little detail was supplied, suggesting that the companies concerned should be required to at least supply the confidential information to ASIC to guard against phantom offers. No action, no surprise.

"Senator Brandis has warned that the government could legislate if a voluntary, industry-code of practice for ISPs isn't agreed. He has argued that ISPs ‘‘need to take some responsibility’’ for illegal downloading, because they ‘‘provide the facility which enables this to happen’’."

Ooh ooh... telephones are use to plan bank jobs. Ban the phone.

Stop the internets!

Commenter

Herman

Date and time

May 05, 2014, 8:44AM

Well the Libs do owe Murdoch big-time over that "free" election campaign he ran for them.

Commenter

mitch of ACT

Date and time

May 05, 2014, 10:07AM

Budget emergency.... age of entitlement over... pensions reduced... work until you're 70.... no unemployment benefits until you're 25...

Housing boom!

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 8:39AM

Cracks emerging with sale numbers. Aussie FHB are dead in the water.

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 8:47AM

Gold Boom?? Hurrah!

Commenter

Mack

Location

Melton

Date and time

May 05, 2014, 8:51AM

LOL you have to laugh... twits with no trades of there own complaining about SBM. It's a spec. Get over it.

On serious side... do you still think it is a takeover target if Gold price does not rise over 1450-1500 considering their production costs?

Commenter

DJ77

Location

Sydney

Date and time

May 05, 2014, 9:00AM

Are we below 5400pts yet? How about 2800pts? Has the Sydney Housing market crashed yet? Has unemployment sky rocketed yet? Has the price of gold sky rocketed yet? Lucky some people dont get paid for their predictions hey?

Commenter

Steve

Location

Keen

Date and time

May 05, 2014, 8:19AM

LOL how about XRO x3, LY, BBG, QAN short at 1.90, FMG x3, ARI x2, WM, TEN etc etc etc. Did you get on those gee up? He he...

How about MMS x2, NCM, JBH x2.. get on those? Lol angry much.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 9:07AM

You made those predictions up and then claimed they haven't happened. Not too smart.

Commenter

Herman

Date and time

May 05, 2014, 9:15AM

Did bank dividends also collapse yet?

Commenter

Irish Phil

Date and time

May 05, 2014, 9:24AM

Yep. Half what they were because pollyannas have bid up the share prices. LOL.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 10:04AM

Wow impressive, market at 2006 levels and zero returns inc dividends since 2007 according to the XJOAI.

But don't worry it only has to go up by

((6873 * 1.18 * 1.2)-5450)/55450

= 79%

and it's a new bull market!

Hurrah!

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 8:14AM

Sounds like sour grapes.

You probably missed out on the massive gains since early 2009...shame.

R.

Commenter

Roadsta

Location

Brisvegas

Date and time

May 05, 2014, 9:27AM

FMG another bonanza for shorters. 3rd payoff in 18 months. Last short was at $6. Sweeeet.

Oh and SBM is a spec. Get over it. And no, long QAN. Sorry.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 8:02AM

How can anybody believe that you are long on QAN, disappear for a week and you would have us believe the opposite of everything you told us previously, he he this is indeed fun times watching you squirm

Commenter

Alan

Location

Fantasy Island

Date and time

May 05, 2014, 8:16AM

Would like to believe you mate but you cant admit to any of your previous losses so you really are the fantasy trader form Prahran he he

Commenter

ASX

Location

Guardian

Date and time

May 05, 2014, 8:21AM

Oh my goooooodd! Now your long on QAN! give us a breeaaaaak! long, short, long which is it?

Commenter

Mack

Location

Melton

Date and time

May 05, 2014, 8:23AM

You stated you sold QAN at about $1.11. Who are you trying to fool?

Commenter

Tim

Date and time

May 05, 2014, 8:26AM

Sure Allan...we believe you! Took some time off to lick the wounds eh?

Commenter

happy Hippy

Date and time

May 05, 2014, 8:33AM

Please mr bank manager , increase my margin loan, I promise I'll pick a winning short soon. I can't possibly keep getting them wrong. Yes yes, please use my mums house as collateral. No more stupid trades I promise. I'll just make them up and be twice as angry on any blogs.

Commenter

Big al

Date and time

May 05, 2014, 10:12AM

Who went short on mqg @$50??? Gift

Commenter

Bear trap

Date and time

May 05, 2014, 1:47PM

The WBC interim dividend of 90c is NOT up 4c from last year but down 6c from last year's interim of 96c. I was expecting an interim of at least $1 but they have decided to hang on to cash for capital requirements

Commenter

mitch of ACT

Date and time

May 05, 2014, 8:00AM

No special divs this year,,,,but still nearly 5% plus franking.

Commenter

Chumlee

Date and time

May 05, 2014, 9:12AM

My opinion ..... WBC have made an excellent decision regarding the 90c, with DRP to be funded via share buy back rather than creating extra shares. This in practical terms means the share value increases 3% on top of the dividend. Excellent !

Commenter

Happy

Date and time

May 05, 2014, 12:05PM

NAB did that and its price surged while the exercise was underway then fell back sharply.

Commenter

mitch of ACT

Date and time

May 05, 2014, 1:41PM

4Corners is a must-see tonight. Soak it up while you can. As the gov't takes the axe to the ABC the quality programs like this will drop away. No hope that commercial TV will pick up the slack. If they can't spin it into a faux reality show they aren't interested. http://www.smh.com.au/business/rollo-sherriff-and-meridien-wealth-how-a-rocksolid-institution-backed-impenitent-maverick-20140502-37nex.htmlASIC & CBA, both in a big, well-deserved kick.

Commenter

mitch of ACT

Date and time

May 05, 2014, 7:56AM

The LNP won't touch ABC because they play right into Abbotts hand. The left wing are elitist anti development NIMBY's and pro immigration. Perfect for big business and house prices (what an utterly confused bunch they are). What more could a conservative government want?

Commenter

JohnBB

Date and time

May 05, 2014, 8:52AM

Luv a duck, you're here very day, how much 'entertainomation' does anyone person need.

Commenter

SteveH.

Date and time

May 05, 2014, 9:43AM

Punch drunk billionaires proving that money doesn't buy happiness.

Happy trading!

Commenter

Herman

Date and time

May 05, 2014, 7:55AM

According to alleged witness claims, people were spotted looking for teeth outside Packer's home shortly following the exchange.

i love it.hopefully, we never have to see that talent less twit leila on the idiot box again

Commenter

no banks .. no party!

Date and time

May 05, 2014, 8:28AM

......."Something has changed in the way the economy works and government has to change too"............

Yeah. That's right. More people, all the assets are sold, we can't compete in a globalised world we stupidly wholeheartedly embraced.

Were we expecting a different outcome?

Commenter

JohnBB

Date and time

May 05, 2014, 7:48AM

Free trade - best way to break a nation.

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 8:55AM

......"Grumpy Cat is back!"....I didn't go anywhere GS, I was lurking on the sidelines nauseated by all the BS positive spin on a disastrous situation. Wondering where all my fellow-cyber-bears went? Allan? Hopefully with what's been happening lately with the budget, the general public cannot possibly continue to believe we can go on the way we have. We are going broke and it's just as much Hockey's fault as it is Rudd's, Gillards or Howard's. They will be lavished in privilege and wealth no matter what happens. When will we finally realise and admit population growth is killing us, not helping us? We are hopelessly uncompetitive and have all lived it up with asset sales, pumping up house prices and debt. Wages to the floor, infrastructure costs up, cost of living up, everything up except the INDIVIDUALS wealth and quality of life. Good one big business, you tricked everyone.

Commenter

JohnBB

Date and time

May 05, 2014, 7:44AM

Ahhh. We thought you went to buy Russia LOL

Commenter

bored

Date and time

May 05, 2014, 10:50AM

How can you be bored when you're so funny?

Commenter

JohnBB

Date and time

May 05, 2014, 11:58AM

Big4 are winning. While profits grow on the back of home owners... we have lost our competitive ability and have nothing to offer but digging holes and sending raw resource offshore... all the while 457s will become the new worker backbone to said industry. Gina / Clive cannot make their operations work without excessive 457 abuse. Many poor days ahead.

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 7:34AM

I wonder how many people on 457s will be employed on the projects to be supported by our infrastructure PM. Large-scale use of 457s will mean that wages paid to non-residents for work done here will add to gov't debt. That's unsupportable but more likely to happen than not given the attitude of this gov't to jobs for Australians.

Commenter

mitch of ACT

Date and time

May 05, 2014, 7:52AM

By this Gov you mean this SYSTEM. Be it the Greens, Lib, Lab, the silly Clive party etc - no matter who we put in the same outcome will be evident. Just vary small variances in scale.

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 8:29AM

If people go where the jobs are mitch than hopefully the 457 will actually be used only to fill gaps, genuine gaps in the skill front. But I think you are against that, if I recall correctly

Commenter

people moved continents for jobs, now moving cities is difficult. hmmmmm

Date and time

May 05, 2014, 9:32AM

90,780 people on 457 visa, OMG, we are being overrun........!!Page 2 of this report is where I sourced that small number:http://www.immi.gov.au/media/statistics/pdf/457-quarterly-report-2013-12-31.pdf

Adding to SBM at 19c gift. Adding to short on QAN gift. I will make back that 50% loss on SBM

Commenter

Alan

Location

Fantasy Island

Date and time

May 05, 2014, 7:20AM

I am thinking the same. What would be your sell price if you buy it at 19/19.5c ?

Commenter

Essen

Date and time

May 05, 2014, 7:41AM

Well I brought in at 38c, doubled up again at 21c, now at 19c I really am at the end of my teather! Will have to be significant to get it all back. Just becareful its not for your average 'Mum and Dad' investor.

Commenter

Alan

Location

Fantasy Island

Date and time

May 05, 2014, 7:48AM

He was long QAN and well in the money and gee who's upset lol.

Commenter

Herman

Date and time

May 05, 2014, 7:54AM

Someone is angry...

Commenter

Liberator

Location

SEQLD

Date and time

May 05, 2014, 7:57AM

Oh no ... he's back.. Oh wait. He's not. Phew.

Commenter

Hugo

Date and time

May 05, 2014, 8:03AM

LOL how about XRO x3, LY, BBG, QAN short at 1.90, FMG x3, ARI x2, WM, TEN etc etc etc. Did you get on those gee up? He he...

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 8:09AM

I think I would know Herman! Im the one down 50% on SBM! And for the record I am most definately short on SBM, I was long then I changed my mind to short.

Commenter

Alan

Location

Fantasy Island

Date and time

May 05, 2014, 8:14AM

How about MMS x2, NCM, JBH x2.. get on those? Lol angry much.

Commenter

Allan

Location

Prahran

Date and time

May 05, 2014, 8:19AM

Herman is Allan's?? alter ego? split personality??

Commenter

Alan

Location

Fantasy Island

Date and time

May 05, 2014, 8:36AM

Alan, how did you add to your SBM parcel at 19c when today they haven't reached such a price? Or do you just act in hindsight and advise after price movements? Or are you indeed playing a sharemarket game? Would love a response.

Cheers

Commenter

NSC

Location

Melb

Date and time

May 05, 2014, 10:31AM

No whining please. My average purchase price of SBM is $1.85. However one that stumbles like tis is only a small part of the bigger picture.